PriceActionTrading
Long

USDCAD D1 FAKEY FOUND. WATCH NEXT H4 FOR CONFIRMATION.

FX:USDCAD   U.S. Dollar/Canadian Dollar
272 1 8
PRICE WENT BELOW THE LOW OF THE PATTERN BEFORE REVERSING STRAIGHT UP
ENTER LONG ONCE H4 CLOSES ABOVE 1.243
THIS IS SOMEWHAT A BEAR TRAP, HIGHLY EFFECTIVE TRADE IMO ONCE CONDITIONS ARE MET

REASON BEHIND THIS IS BECAUSE PEOPLE CAUGHT WITH THEIR SELL IN THIER POCKET WILL BE FORCED TO CLOSE/STOPPED OUT OF THEIR POSITION. THUS, WE ARE RIDING THE WAVE ON THIS ONE. IF THE CONDITIONS ARE MET.
THOSE GREEDY BEARS WHOSE TRADE TRIGGERED AT 1.239 WILL HAVE NO CHOICE BUT TO HAND OVER THEIR POSITION TO US.

BUY AT 1.245 FOR FAVOURABLE RISK REWARD
ANY HIGHER THAN THAT WILL RESULT IN LESS THAN 2 TO 1 RISK REWARD.

H4 REPRESENTATION OF MY IDEA
snapshot

SUBSCRIBE AND LIKE MY IDEAS. COMMEND AND SHARE YOUR VIEWS!
HAPPY PIPPING
TRADE DID NOT TRIGGER :(
CANCELLING BUY ORDER NOW SINCE MOST OF TARGET IS REACHED
+2 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out